Traders of Ghana and other West African countries are now able to trade using the innovative platform developed by MetaQuotes. Forex trading platform developer MetaQuotes has announced that Ghanaian broker Precise FX is the first in the region to switch to MetaTrader 5, offering its customers the full package of services. The African traders have…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action charging Defendants Michael Salerno of Chadds Ford, Pennsylvania, and his companies Black Diamond Forex LP and BDF Trading LP, both Pennsylvania limited partnerships, and Advanta FX, a Pennsylvania corporation, with fraudulently soliciting members of the public to become foreign currency (forex) proprietary traders and…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Money Financers. Money Financers is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe following article was written by Kamran Mirshahi, founder and director of the leading PPI claims company, Canary Claims. The beginning of April saw the Financial Conduct Authority release its latest PPI deadline advertisement. The first announcement of the deadline last August has encouraged UK consumers to check if they were mis-sold PPI. Some policies…
Read moreBlockchain network Aion has announced the launch of the first public blockchain interoperability platform. The Aion network will allow for independently operated blockchains to connect, enabling the instant, global transfer and recording of data and value, streamlining communications, and bridging disparate blockchains. Use cases for the Aion protocol include cross-organizational functions like supply chain operations,…
Read moreThe Australian Securities and Investments Commission (ASIC) has just announced that it has suspended the Australian financial services (AFS) license of Direct FX Trading Pty Ltd (AFS license 305539) (Direct FX) for a minimum of ten weeks and up to six months, depending on whether key criteria are satisfied. Direct FX Trading Pty Ltd operates…
Read moreLeapRate Exclusive... The CFH Clearing fraternity runs deep. LeapRate has learned that former CFH Clearing co-founder and CEO Lars Holst has invested in, and joined the board of, Regtech firm muinmos. He was also appointed as Chairman of muinmos, and will play an active role in the company. muinmos was founded by Mr. Holst's CFH…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that Warsaw based Retail FX brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand as well as the X Open Hub trading platform, has seen its longtime Head of Legal Paweł Frańczak resign from his position. Mr. Frańczak has also stepped down from the XTB Management Board. He…
Read moreToday, Nasdaq CEO Adena Friedman said that Nasdaq is open to becoming a crypto exchange. Joseph Weinberg, OECD Special Advisor and Chairman of Shyft, a blockchain protocol for KYC/AML, and Yo Kwon, CEO of Hosho, a blockchain cybersecurity firm, comment from two unique perspectives on what this means from regulatory and security perspectives. Joseph Weinberg,…
Read moreThe Australian Securities and Investments Commission (ASIC) has announced that it has updated its guidance for accountants who provide services on self-managed superannuation funds (SMSFs) to cover the exemption from the Australian Financial Services (AFS) licensing requirements for tax and BAS agents. The guidance was developed in conjunction with the Tax Practitioners Board and is…
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